Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Exchange rate variance is coming in the accounting entry of accounts payable

Summary:

The PO was created on 8th January in USD currency. The Conversion Rate Type as Corporate and conversion rate on 8th January was 7.812700200442636. In Both PO and AP invoice conversion rate is coming as 7.812700200442636. The GL exchange rate on 8th January was 7.09510002459161.


Because PO and Invoice exchange rate is different from GL exchange rate. So, exchange rate variance is coming in accounting entry of invoice

Note: PO creation, receiving of PO and invoicing all has been completed on 8th January only.

Why PO and invoice exchange rate are different from GL rate?

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!